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Ipsos' survey showed the 2020 biggest movers ranking
8 April 02:35 PM Listed firms among top 10 most influential brands in Saudi Arabia
Riyadh – Mubasher: Saudi Telecom Company (stc), Almarai, and Al Rajhi Bank were chosen as the top three most influential local brands in Saudi Arabia during 2020, according to a recent survey by Ipsos. Jarir Bookstore and Etihad Etisalat Company …
APICORP’s corporate banking portfolio grew 6% YoY in 2020
7 April 10:05 AM APICORP achieves $115m profits in 2020
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) recorded a 3% year-on-year (YoY) increase in net income to $115 million during 2020, compared with $112 million. The profit achieved was despite the fallout of the …
Outlook on the two banks' ratings remained negative
6 April 03:20 PM Moody's affirms Saudi National Bank; Samba’s ratings withdrawn on merger
Riyadh – Mubasher: Moody's Investors Service affirmed the long- and short-term local and foreign currency bank deposit ratings of Saudi National Bank (SNB). It also affirmed Samba Financial Group at ‘A1/P-1’. The rating agency affirmed the …
The rating is supported by expected economic growth and high oil prices
28 March 12:38 PM S&P affirms Saudi Arabia’s rating at 'A-/A-2' with stable outlook
Riyadh – Mubasher: S&P Global Ratings has affirmed Saudi Arabia’s ‘A-/A-2’ sovereign credit ratings with a stable outlook. The rating agency expects the Kingdom’s government and external net asset positions over the next two years will remain …
The diversified business model and quality of management are main factors in the credit rating
22 March 02:05 PM Banque du Caire receives highest credit rating given to Egyptian bank
Cairo – Mubasher: Capital Intelligence Ratings (CI Ratings) has affirmed Banque du Caire’s credit rating at B + with a stable outlook, which is the highest credit rating given by the credit rating agency to an Egyptian bank, the Chairman and CEO …